IAG CEO Walsh on Coronavirus Impact, Heathrow Runway, Retirement

The video discusses the impact of the coronavirus on airline demand, particularly in Asia and Italy, and how airlines are adjusting capacity in response. It covers the decline in corporate travel and the resilience of leisure travel, as well as the potential for airline failures and market consolidation. The challenges of building a third runway at Heathrow are also addressed, along with a leadership transition in the airline industry.

What was the initial impact on demand in Asia as discussed in the video?

• A gradual increase in demand

• A sharp increase in demand

• A sharp decline in demand

• No change in demand

How did airlines respond to the reduced demand in Asia?

• By increasing the number of flights

• By reducing capacity and using smaller aircraft

• By offering free tickets

• By using larger aircraft

What is the expected response of airlines once the crisis is over?

• No change in traffic

• A sharp rebound in traffic

• A slow recovery in traffic

• A further decline in traffic

What is one of the reasons for the potential failure of some airlines?

• Increased fuel prices

• Overbooking of flights

• Lack of pilots

• Financial struggles exacerbated by the coronavirus

What is the focus of the airline's current acquisition efforts?

• Acquiring a new airport

• Acquiring a new fleet of aircraft

• Acquiring their Europa

• Acquiring Norwegian

What is the speaker's opinion on the construction of a third runway at Heathrow?

• It faces significant challenges and is unlikely to be built

• It has already been completed

• It is likely to be built soon

• It is not needed

What is the speaker's sentiment about leaving the industry?

• Sorry to be leaving

• Indifferent about leaving

• Excited to leave

• Eager to retire